Scarcity and Choice Quick Check What are the three types of productive resources? Select all that apply.

Answer 1

The three types of productive resources are:

1. Natural Resources - These are raw materials obtained from the environment, such as land, water, minerals, and forests.

2. Human Resources - This refers to the labor force or people who provide their skills and expertise to produce goods and services.

3. Capital Resources - These are the tools, equipment, and buildings used in the production of goods and services.

So, you would select all three options if they are provided: Natural Resources, Human Resources, and Capital Resources.